Covid-19 impact: Mukesh Ambani's net worth drops 28% to $48 bn in 2 months

LVMH Chief executive Bernard Arnault's wealth down by 28% to $77 billion

Jio will charge customers 6 paise per minute for voice calls, but will compensate them by giving free data of equal value

Ambani is the second biggest wealth loser globally, after French fashion giant LVMH's chief executive Bernard Arnault, whose wealth dropped by 28 per cent or $30 billion to $77 billion.

Press Trust of India Mumbai
The net worth of India’s richest man Mukesh Ambani dropped 28 per cent or $300 million a day for two months to $48 billion as on March 31 due to the massive correction in stock markets, a report said on Monday.
The chairman and managing director of the diversified Reliance Industries saw his wealth decline by $19 billion in February-March period, taking his global ranking down eight places to 17th, the cccc said.
Other Indian businessmen who have seen a major drop in wealth include Gautam Adani whose wealth eroded by $6 billion or 37 per cent, HCL Technologies’ Shiv Nadar ($5 billion or 26 per cent) and banker Uday Kotak ($4 billion or 28 per cent), it said.

First Published: Apr 07 2020 | 01:05 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to